
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question 10
a. O units
b. 200 units
c. 1800 units
d. 2000 units
O 0 units
200 units
Price
1800 units
O2000 units
$20
$30
$40
$50
$60
$70
$80
Quantity Demanded
2400
2000
1600
1200
800
400
0
Quantity Supplied
Refer to the table above. Suppose the government imposes a price floor of $30 on this market.
What will be the size of the surplus in this market?
0
200
400
600
800
1000
1200
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